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Trump Weighs Selling Red Tesla Model S, Praises Starlink Despite Satellite Losses

Summarized by NextFin AI
  • U.S. President Donald Trump is contemplating selling or donating the red Tesla Model S he received earlier this year to support Elon Musk.
  • The Tesla has been parked at the White House and may be removed soon, according to Trump's statements.
  • Despite considering the Tesla's fate, Trump confirmed he will continue using Starlink, the satellite internet service from Musk's SpaceX, which has provided a very good connection.
  • Starlink has faced challenges, losing 583 satellites out of over 7,000 launched, yet remains the largest commercial satellite network in orbit.

AsianFin -- U.S. President Donald Trump said on Monday that he is considering selling or giving away the red Tesla Model S he acquired earlier this year in a show of support for Elon Musk.

The vehicle, which has been parked at the White House, may soon be removed, Trump told reporters.

Despite the move, Trump made clear he has no intention of discontinuing the use of Starlink, the satellite internet service provided by Musk’s SpaceX, noting that the White House connection has been “very good.”

The White House began using Starlink Wi-Fi in March to boost its internal wireless network capabilities, after receiving it as a gift from the company.

The comments come as SpaceX’s Starlink program faces setbacks. To date, 583 satellites have been lost—roughly one out of every 15 launched. The company has still deployed over 7,000 satellites, maintaining its lead as the largest commercial satellite network in orbit.

Explore more exclusive insights at nextfin.ai.

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